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<xml>
<title>Illinois General Assembly - Bill Status for HB 7048   </title>
<shortdesc>INCOME TX-ARMED SERVICE CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Lisa M. Dugan</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/216 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2004 and on or before December 30, 2009, each taxpayer is entitled to an income tax credit in the amount of $500 per taxable year if the taxpayer is a member of the armed forces of the United States, the Illinois National Guard, or a reserve component of the armed forces of the United States and served on active duty during the taxable year. Provides that the credit is not refundable and may not be carried forward or back. Effective January 1, 2005.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Lisa M. Dugan</action>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/9/2004</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

